It all depends on how you draw your lines

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If you draw them like this, BTC couldn't look much more bullish

One thing any trader will learn is that charting and technical analysis is all subjective.

One person's double bottom is another person's bearish breakdown.

One person's fall wedge is another person's bull pennant/flag.

Plus, do you draw your lines from wicks or bodies?

It's all so subjective.

However, if you draw your chart like this, you probably feel pretty good about bitcoin right now:

(Source:

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Based on that it looks like bitcoin has already broken out to the upside and is now making a nice little bull flag consolidation pattern.

A pattern that is often seen before a continued move higher.

If you are feeling bearish about bitcoin at the current time, just keep looking at the above chart. It will help you sleep good at night.

It all depends on how you draw your lines | Ecency